Texas Legislature Reaches Historic Deal on Largest Property Tax Cut in State's History

Texas House and Senate Republicans have reached a deal on an $18 billion compromise to cut property taxes, providing relief for homeowners, small businesses, and school districts. The proposal includes increased tax relief for homeowners, a tax-credit pilot program for non-homesteaded properties, tax cuts for small businesses, and funding for school districts to lower tax rates. The legislation is expected to be passed this week and will require approval from Governor Greg Abbott. The deal ends a seven-month stalemate among Republicans over how to allocate $12.3 billion in tax breaks.